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Central Bank of Nigeria News - Page 10

Buhari's 8years in Office: No Better Way To Squander Goodwill

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

President Muhammadu Buhari has announced that the old N200 notes will remain legal tenders till 10 April 2023, as he makes changes to the Central Bank of Nigeria’s (CBN) directive to banks. Buhari, in a nationwide broadcast on Thursday, 16 February 2023,

February 16, 2023

Business

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

Diplomatic Corps met with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, 14 February 2023, amid the Naira redesign policy that has caused chaos within the country. According to a statement released by the central bank via

February 15, 2023

Criticism Trails Senate's Approval Of CBN’s N22.7 trillion Loans To FG

Business

Presidency Contradicts CBN, Banks On Supreme Court Ruling On Old Naira Notes

The Presidency has contradicted the Godwin Emefiele-led Central Bank of Nigeria (CBN) regarding the ruling of the Supreme Court on the old Naira notes deadline. It was stated that neither the Federal Government nor the central bank have taken a position contrary

February 15, 2023

Business·Currency·News·Top Stories

Food Prices Drop On CBN’s Naira Policy In Suleja, Lambata, Other Markets

Amid widespread hardship trailing Nigeria’s naira policy implementation, the country’s central bank says inflation is already abating and could pleasantly drop some 4 percent off its current 22 percent rate by mid 2023. The general scarcity of the naira notwithstanding, Prime Business

February 15, 2023

Business

CBN Reveals Three Steps To Deposit Old Naira Notes, Says Commercial Banks Will Not Accept It

The Central Bank of Nigeria (CBN) has stated that old Naira notes can only be deposited at the apex bank, disclosing that commercial banks will no longer accept them. In a statement on Monday, 13 February 2023, Haladu Andaza, the CBN Branch

February 14, 2023

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

Business

Naira Redesign: Falana Tackles Emefiele, Says CBN Incites Nigerians Against Banks

Godwin Emefiele-led Central Bank of Nigeria (CBN) has been criticised by human rights lawyer, Femi Falana, over the handling of the Naira redesign policy. He accused the central bank of inciting the public against the banks, as the financial regulator doesn’t have sufficient

February 14, 2023

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business

Cash In Circulation Outside Banks Drops By N160 billion – New CBN Data Reveals

The currency outside the banking system has declined to N2.57 trillion, the Central Bank of Nigeria (CBN) has disclosed in the latest data published on its website. Prime Business Africa had reported that the cash outside the bank was N2.7 trillion as

February 14, 2023

Council Of State Tenders Two Solutions To Nigeria's Naira Scarcity Issue

Business

UPDATED: Print New Notes Or Release Old Naira – State Council

The Council of State has urged the Federal Government and the Central Bank of Nigeria (CBN) to either print more new Naira notes or recirculate the old banknotes. Members of the Council of State, which advises government on key policies, are former

February 10, 2023

Business

Akeredolu, Ganduje Sue FG, As Battle Against CBN’s Naira Redesign Policy Intensifies

Ondo State Governor, Rotimi Akeredolu, and the Governor of Kano State, Abdullahi Ganduje, have also filed a suit against the Federal Government over the Central Bank of Nigeria’s (CBN) Naira redesign policy. Akeredolu approached the Supreme Court to debate the legality of

February 10, 2023

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business

Naira Scarcity: Nigerians Have Been Betrayed By Banking System – TUC Says, Threatens FG

The Trade Union Congress (TUC) said Nigerians have been betrayed by the banking system due to the failure of the Central Bank of Nigeria (CBN) to successfully implement the Naira redesign policy. TUC said commercial banks have been unable to pay Nigerians

February 10, 2023

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Central Bank of Nigeria News - Page 10

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

Presidency Contradicts CBN, Banks On Supreme Court Ruling On Old Naira Notes

Food Prices Drop On CBN’s Naira Policy In Suleja, Lambata, Other Markets

CBN Reveals Three Steps To Deposit Old Naira Notes, Says Commercial Banks Will Not Accept It

Naira Redesign: Falana Tackles Emefiele, Says CBN Incites Nigerians Against Banks

Cash In Circulation Outside Banks Drops By N160 billion – New CBN Data Reveals

UPDATED: Print New Notes Or Release Old Naira – State Council

Akeredolu, Ganduje Sue FG, As Battle Against CBN’s Naira Redesign Policy Intensifies

Naira Scarcity: Nigerians Have Been Betrayed By Banking System – TUC Says, Threatens FG

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